Bloomin’ Brands Inc. [NASDAQ: BLMN] price plunged by -6.56 percent to reach at -$1.75. The company report on July 8, 2021 that Bloomin’ Brands, Inc. to Host Fiscal 2021 Second Quarter Earnings Conference Call at 8:30 AM EDT on July 30, 2021.
Bloomin’ Brands, Inc. (Nasdaq: BLMN) will release results for the fiscal second quarter ended June 27, 2021, on Friday, July 30, 2021, at approximately 7:00 AM EDT, which will be followed by a conference call to review its financial results at 8:30 AM EDT the same day.
The call will be webcast live from the Company’s website at http://www.bloominbrands.com under the Investors section. A replay of this webcast will be available on the Company’s website after the call.
A sum of 2356717 shares traded at recent session while its average daily volume was at 1.81M shares. Bloomin’ Brands Inc. shares reached a high of $26.86 and dropped to a low of $24.93 until finishing in the latest session at $24.94.
The one-year BLMN stock forecast points to a potential upside of 28.27. The average equity rating for BLMN stock is currently 2.20, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Bloomin’ Brands Inc. [BLMN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLMN shares is $34.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLMN stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Gordon Haskett have made an estimate for Bloomin’ Brands Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 21, 2021. The new note on the price target was released on March 09, 2021, representing the official price target for Bloomin’ Brands Inc. stock. Previously, the target price had yet another raise to $20, while Goldman analysts kept a Sell rating on BLMN stock. On November 16, 2020, analysts increased their price target for BLMN shares from 17 to 22.
The Average True Range (ATR) for Bloomin’ Brands Inc. is set at 1.09, with the Price to Sales ratio for BLMN stock in the period of the last 12 months amounting to 0.70. The Price to Book ratio for the last quarter was 56.68, with the Price to Cash per share for the same quarter was set at 1.55. Price to Free Cash Flow for BLMN in the course of the last twelve months was 12.21 with Quick ratio for the last quarter at 0.20.
BLMN Stock Performance Analysis:
Bloomin’ Brands Inc. [BLMN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.52. With this latest performance, BLMN shares dropped by -8.11% in over the last four-week period, additionally plugging by 24.58% over the last 6 months – not to mention a rise of 114.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BLMN stock in for the last two-week period is set at 41.20, with the RSI for the last a single of trading hit 39.42, and the three-weeks RSI is set at 42.47 for Bloomin’ Brands Inc. [BLMN]. The present Moving Average for the last 50 days of trading for this stock 27.33, while it was recorded at 25.94 for the last single week of trading, and 23.69 for the last 200 days.
Insight into Bloomin’ Brands Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Bloomin’ Brands Inc. [BLMN] shares currently have an operating margin of -1.30 and a Gross Margin at +6.36. Bloomin’ Brands Inc.’s Net Margin is presently recorded at -5.01.
Return on Total Capital for BLMN is now -1.61, given the latest momentum, and Return on Invested Capital for the company is -6.77. Return on Equity for this stock declined to -181.92, with Return on Assets sitting at -4.28. When it comes to the capital structure of this company, Bloomin’ Brands Inc. [BLMN] has a Total Debt to Total Equity ratio set at 58,653.61. Additionally, BLMN Total Debt to Total Capital is recorded at 99.83, with Total Debt to Total Assets ending up at 63.47. Long-Term Debt to Equity for the company is recorded at 53,454.55, with the Long-Term Debt to Total Capital now at 90.98.
Reflecting on the efficiency of the workforce at the company, Bloomin’ Brands Inc. [BLMN] managed to generate an average of -$2,061 per employee. Receivables Turnover for the company is 25.92 with a Total Asset Turnover recorded at a value of 0.85.Bloomin’ Brands Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.30.
BLMN Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BLMN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bloomin’ Brands Inc. go to -0.90%.
Bloomin’ Brands Inc. [BLMN] Insider Position Details
There are presently around $2,332 million, in the hands of institutional investors. The top three institutional holders of BLMN stocks are: BLACKROCK INC. with ownership of 13,094,491, which is approximately 4.506% of the company’s market cap and around 1.30% of the total institutional ownership; VANGUARD GROUP INC, holding 9,396,130 shares of the stock with an approximate value of $234.34 million in BLMN stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $129.13 million in BLMN stock with ownership of nearly 115.057% of the company’s market capitalization.
Positions in Bloomin’ Brands Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 134 institutional holders increased their position in Bloomin’ Brands Inc. [NASDAQ:BLMN] by around 22,170,701 shares. Additionally, 134 investors decreased positions by around 17,416,179 shares, while 27 investors held positions by with 53,931,196 shares. The mentioned changes placed institutional holdings at 93,518,076 shares, according to the latest SEC report filing. BLMN stock had 64 new institutional investments in for a total of 9,901,079 shares, while 41 institutional investors sold positions of 9,380,969 shares during the same period.